COP28 in 10 charts: All that you need to know before Dubai summit

livemint.com:

The “Global Stocktake": Governments will assess how they are placed to meet the promises of the 2015 Paris deal, and will accordingly chart the actions for the next phase. Energy transition: The phase-out of fossil fuels will again be in the spotlight. Climate finance gap: Crucial, especially with progress on the "loss and damage fund".

Poorer and vulnerable nations need this money desperately as they face the music from the climate change largely brought upon them by the rich world. Also: Parties are expected to prioritize climate adaptation and resilience in low-income countries in order to combat climate change. The 2015 Paris deal foresaw global warming "well below" 2°C, with an aim for 1.5°C (the extent of “warming" is measured as the increase over levels seen before the world’s industrialization) in the long run.

But the mercury has already breached that aim often this year, with record temperatures since July. Countries’ individual pledges for now fall so short that a 2.5-2.9°C warming is on the cards by 2100 unless they show greater will, a new UN report suggests. That’s the context going into COP28.

Greenhouse gas (GHG) emissions that heat the globe set a new record of 57.4 gigatonnes of CO₂-equivalent in 2022. According to a new UN report, by 2030, GHG emissions could rise a further 3%, instead of decreasing. Rich countries are responsible for the majority of the rise in global temperatures as fossil fuels led much of their industrialization.